Household Portfolios In Italy
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Household Portfolios
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Author : Luigi Guiso
language : en
Publisher:
Release Date : 2002
Household Portfolios written by Luigi Guiso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Until recently, researchers in economics and finance paid relatively little attention to household portfolios. Reasons included the tendency of most households to hold simple portfolios, the inability of the dominant asset pricing models to account for household portfolio incompleteness, and the lack of detailed databases on household portfolios in many countries until the late 1980s or 1990s. Now, however, the analysis of household portfolios is emerging as a field of vigorous study. The eleven chapters in this collection provide an overview of current theoretical knowledge about the structure of household portfolios and compare predictions with empirical findings. The book describes the state-of-the-art tools of analytical, computational, and econometric investigation, as well as some of the key policy questions. It provides an original comparative analysis of household portfolios in countries for which detailed household-level data are available (the United States, the United Kingdom, Italy, Germany, and the Netherlands). Finally, it uses microdata for an in-depth study of the portfolio composition of population groups of special policy interest, such as the young, the elderly, and the rich.
Habit Formation And Persistence In Individual Asset Portfolio Holdings The Case Of Italy
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Author : Sònia Muñoz
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-01-01
Habit Formation And Persistence In Individual Asset Portfolio Holdings The Case Of Italy written by Sònia Muñoz and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with categories.
This paper uses six waves of the Bank of Italy Survey of Households Income and Wealth to explore the dynamics of asset portfolio ownership. The household asset portfolio decision is a choice among discrete alternatives, and I model the problem in a multinomial framework. I focus on a particularly important feature of household portfolio behavior: the infrequency of portfolio allocation changes. I find evidence of strong unobserved heterogeneity through time-varying error components, which I interpret as taste persistence in both the risky and safe asset participation decisions. I estimate the model using the method of maximum smoothly simulated likelihood.
Household Portfolios
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Author : Luigi Guiso
language : en
Publisher: MIT Press
Release Date : 2002
Household Portfolios written by Luigi Guiso and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Theoretical and empirical analysis of the structure of household portfolios.
Household Wealth And Resilience To Financial Shocks In Italy
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Author : Daniel Garcia-Macia
language : en
Publisher: International Monetary Fund
Release Date : 2018-08-31
Household Wealth And Resilience To Financial Shocks In Italy written by Daniel Garcia-Macia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-31 with Business & Economics categories.
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the rich and upper middle classes. This paper documents the changes in the Italian household sector’s financial wealth over the past two decades, by constructing the matrix of bilateral financial sectoral exposures. Households became increasingly exposed to the financial sector, which in turn was exposed to the highly indebted real and government sectors. The paper then simulates different financial shocks to gauge the ability of the household sector to absorb losses. Simple illustrative calculations are presented for a fall in the value of government bonds as well as for bank bail-ins versus bailouts.
Household Portfolios In Italy
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Author : Luigi Guiso
language : en
Publisher:
Release Date : 2000
Household Portfolios In Italy written by Luigi Guiso and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Households categories.
International Comparisons Of Household Asset Holdings
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Author : Tobias Dümmler
language : en
Publisher: GRIN Verlag
Release Date : 2007-12-07
International Comparisons Of Household Asset Holdings written by Tobias Dümmler and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-07 with Business & Economics categories.
Seminar paper from the year 2007 in the subject Economics - Monetary theory and policy, grade: 1,3, University of Frankfurt (Main) (Fachbereich Wirtschaftswissenschaften), course: Seminar in Household Saving, Borrowing and Portfolio Choice, 7 entries in the bibliography, language: English, abstract: Not long before, most approaches in economics have ignored portfolio decisions of private households. However, some major developments in the last decades have made portfolio decisions more and more important. As a consequence, new academic approaches are replacing simple saving-consumption models making use of an increasing and improving database across countries. Since being a relatively new field of research work, a lot of interesting findings concerning country-specific peculiarities can be achieved by examining international data. Also, by comparing countries, new insights are possible in order to improve the understanding of portfolio decision. In our thesis, we want to do empirical work in order to shed light on some of these questions. Before doing so, we give a brief review and comparison of six different articles which had been the basis of our seminar work. We also try to pick the results comparable to those from our own work in the subsequent chapter as our main part. Here, we analyze data drawn from a special sample of the Survey of Health, Ageing and Retirement in Europe (SHARE) for the year 2004 including households aged 50 or over from Spain, Germany and Sweden. We do both descriptive analysis and regression analysis. Of course, these households are a special sample with specific characteristics due to their age. Nevertheless, the general restraint toward risky assets such as stocks in Germany as well as in Spain becomes obvious in the data. The older Swedish households, however, seem to behave similar to their US counterparts. Conducting a probit model indicates, that even after controlling for other potential important characteristics – such as net worth and education – Swedish households tend to be more likely to own risky assets on average than their German or Spanish counterparts. This is fully in line with the findings of one of the article discussed in the literature review that stigmatizes Sweden and the USA as the countries with the highest stock market participation.
Research Anthology On Personal Finance And Improving Financial Literacy
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Author : Management Association, Information Resources
language : en
Publisher: IGI Global
Release Date : 2020-12-05
Research Anthology On Personal Finance And Improving Financial Literacy written by Management Association, Information Resources and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-05 with Business & Economics categories.
Developing personal financial skills and improving financial literacy are fundamental aspects for managing money and propelling a bright financial future. Considering life events and risks that unexpectantly present themselves, especially in the light of recent global events, there is often an uncertainty associated with financial standings in unsettled times. It is important to have personal finance management to prepare for times of crisis, and personal finance is something to be thought about in everyday life. The incorporation of financial literacy for individuals is essential for a decision-making process that could affect their financial future. Having a keen understanding of beneficial and detrimental financial decisions, a plan for personal finances, and personalized goals are baselines for money management that will create stability and prosperity. In a world that is rapidly digitalized, there are new tools and technologies that have entered the sphere of finance as well that should be integrated into the conversation. The latest methods and models for improving financial literacy along with critical information on budgeting, saving, and managing spending are essential topics in today’s world. The Research Anthology on Personal Finance and Improving Financial Literacy provides readers with the latest research and developments in how to improve, understand, and utilize personal finance methodologies or services and obtain critical financial literacy. The chapters within this essential reference work will cover personal finance technologies, banking, investing, budgeting, saving, and the best practices and techniques for optimal money management. This book is ideally designed for business managers, financial consultants, entrepreneurs, auditors, economists, accountants, academicians, researchers, and students seeking current research on modern advancements and recent findings in personal finance.
Public Policies And Household Saving
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Author : James M. Poterba
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Public Policies And Household Saving written by James M. Poterba and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
The declining U.S. national saving rate has prompted economists and policymakers to ask, should the federal government encourage household saving, and if so, through which policies? In order to better understand saving programs, this volume provides a systematic and detailed description of saving policies in the G-7 industrialized nations: the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom. Each of the seven chapters focuses on one country and addresses a core set of topics: types of accumulated household savings and debt; tax policies toward capital income; saving in the form of public and private pensions, including Social Security and similar programs; saving programs that receive special tax treatment; and saving through insurance. This detailed summary of the saving incentives of the G-7 nations will be an invaluable reference for policymakers and academics interested in personal saving behavior.
International Perspectives On Household Wealth
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Author : Edward N. Wolff
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
International Perspectives On Household Wealth written by Edward N. Wolff and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Political Science categories.
Editor Wolff is a leading authority on income, wealth, and inequality in the US, and contributing authors are well-respected experts in their field. Overall, the research is high quality, and most papers include a substantial list of references. A plethora of data is considered, and much statistical evidence is presented. . . . A useful contribution to the literature on income distribution and wealth inequality. Recommended. E. Kacapyr, Choice The contributors to this comprehensive book compile and analyse the latest data available on household wealth using, as case studies, the United States, Canada, Germany, Italy, Sweden, and Finland during the 1990s and into the twenty-first century. The authors show that in the US, trends are highlighted in terms of wealth holdings, among the low-income population, along with changes in wealth polarization, racial differences in wealth holdings, and the dynamics of portfolio choices. The consensus between the authors is that wealth inequality has generally risen among these OECD countries since the early 1980s, although Germany stands out as an exception. In the case of the US, it is also noted that wealth holdings have generally failed to improve among low-income families and that the racial wealth gap widened during the late 1980s. International Perspectives on Household Wealth also contains new results on a number of topics, including measures and changes of wealth polarization in the US, measurement and changes of portfolio span in the US, asset holdings of low-income households in the US, and the effects of parental resources on asset holdings in Chile. Academic, government, and public policy economists in OECD countries, as well as those in so-called middle-income countries around the world, will find much to engage them within this book. It will also appeal to academics and researchers of international and welfare economics and other social scientists interested in the issue of inequality.
Diversification And Portfolio Management Of Mutual Funds
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Author : G. Gregoriou
language : en
Publisher: Springer
Release Date : 2006-11-17
Diversification And Portfolio Management Of Mutual Funds written by G. Gregoriou and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-17 with Business & Economics categories.
This book addresses the importance of diversification for reducing volatility of investment portfolios. It shows how to improve investment efficiency, and explains how international diversification reduces overall risk while enhancing performance. This book is a crucial tool for any investor looking to improve the profit gain from their investment.